INFRASTRUCTURE GAIL Commissions 1.25 MTPA PTA Plant In Mangalore SEZ Karnataka

GAIL Mangalore Petrochemicals Ltd (GMPL), a wholly owned subsidiary of GAIL (India) Ltd, has commissioned its 1.25 million tonnes per annum (MTPA) purified terephthalic acid (PTA) manufacturing plant at the Mangalore Special Economic Zone (MSEZ) in Karnataka. The commissioning marks the completion of an extensive revival and refurbishment exercise undertaken by GAIL after acquiring the […]

CW Bureau · Nov 5, 2026

BANKING & FINANCE IBC’s Next Test: Faster Resolutions Coupled With Higher Value Recovery

Ten years after the Insolvency and Bankruptcy Code (IBC) came into force, its biggest impact on Indian business may be less about the companies that have gone through insolvency and more about the behaviour it has changed before they reach the insolvency court. The IBC has created a time-bound framework in which lenders can take […]

Sajan C Kumar · Oct 2, 2026

INFRASTRUCTURE Adani Power Completes Merger Of Ten Wholly Owned Subsidiaries

Adani Power Ltd has completed the amalgamation of ten wholly owned subsidiaries with the company under a Scheme of Amalgamation sanctioned by the National Company Law Tribunal (NCLT). The scheme became effective on September 25, 2026, after all conditions required for its effectiveness were fulfilled. The ten subsidiaries have consequently been amalgamated with Adani Power […]

CW Bureau · Sep 25, 2026

GENERAL Veranda Fixes Oct 6 As Record Date For Commerce Vertical Demerger

Veranda Learning Solutions Ltd has fixed October 6, 2026, as the record date to determine shareholders eligible to receive equity shares of J.K. Shah Commerce Education Ltd (JSCEL), following the Composite Scheme of Arrangement sanctioned by the National Company Law Tribunal (NCLT), Chennai Bench. 1:1 share entitlement Under the sanctioned scheme, eligible shareholders of Veranda […]

CW Bureau · Sep 24, 2026

INFRASTRUCTURE Indosolar To Merge With Waaree Energies Under Amalgamation Move

The boards of Indosolar Ltd, a Waaree group company, has approved a Scheme of Amalgamation with Waaree Energies Ltd aimed at consolidating their solar photovoltaic manufacturing operations. Both companies are engaged in the manufacture of solar photovoltaic modules. Indosolar, the transferor company, does not have cell manufacturing capacity and depends on Waaree Energies or other […]

CW Bureau · Sep 23, 2026

HOSPITALITY Lemon Tree Hotels Gets NSE, BSE Clearance For Composite Merger

Lemon Tree Hotels Ltd has received no-objection letters from the National Stock Exchange and Bombay Stock Exchange for its proposed Composite Scheme of Arrangement, paving the way for the company to submit the draft scheme to the National Company Law Tribunal. The regulatory clearance is an important step in the restructuring announced by the company […]

CW Bureau · Sep 23, 2026

RETAIL/FMCG Gokaldas Exports Steps Up Capacity, Diversifies Customer Base In Big Way

Bengaluru-based Gokaldas Exports Ltd. is expanding manufacturing capacity, diversifying its customer base and strengthening vertical integration as it prepares for a gradual recovery in global apparel demand. The apparel manufacturer and exporter is commissioning new capacity in Bhopal and Karnataka and expanding operations in Kenya, with the additions expected to come on stream in the […]

CW Bureau · Sep 6, 2026

BANKING & FINANCE Muthoot Finance To Merge Wholly Owned Subsidiary Muthoot Money

Muthoot Finance Ltd has approved a scheme of amalgamation with its wholly owned subsidiary Muthoot Money Ltd (MML), as part of a group-wide consolidation exercise. MML is a non-deposit taking NBFC classified under the middle layer, while Muthoot Finance is an upper-layer NBFC. Both companies are primarily engaged in the gold loan business. Scheme requires […]

CW Bureau · Aug 31, 2026

GENERAL TVS Holdings To Issue ₹987 Cr Non Convertible Redeemable Pref Shares

TVS Holdings Ltd will issue and allot forty six 6% cumulative non-convertible redeemable preference shares (NCRPS) to its shareholders as bonus shares for every one fully paid-up equity share held. The National Company Law Tribunal (NCLT), Chennai Bench, has sanctioned the Scheme of Arrangement between TVS Holdings and its shareholders, paving the way for the […]

CW Bureau · Aug 28, 2026

RETAIL/FMCG Vintage Coffee To Up Freeze-Dried Coffee Capacity To 16,500 Tonnes

Vintage Coffee and Beverages Ltd is expanding its freeze-dried coffee capacity by 5,500 tonnes per annum, taking total installed capacity to 16,500 tonnes from the current 11,000 tonnes. The company has secured land from the Telangana Government under the Food Processing Zone. It has also paid substantial advances to equipment suppliers and started construction. Expansion […]

CW Bureau · Aug 11, 2026

BANKING & FINANCE IBC Resolution Facilitates Creditors Recover Over ₹4 Lakh Cr In 10 Years

The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has completed 10 years, marking a significant milestone in India’s financial and legal reform journey. Over the past decade, the IBC has evolved into a key institutional mechanism for improving credit discipline, accelerating recovery processes and strengthening confidence in the country’s insolvency ecosystem. […]

CW Bureau · May 28, 2026

INFRASTRUCTURE Adani Power To Acquire JPVL 24% Stake, UP Thermal Plant For ₹4,194 Cr

Adani Power Ltd, part of the diversified Adani Group with interests across energy, infrastructure and logistics, has signed definitive agreements with Jaiprakash Associates Ltd (JAL) to acquire a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and a 180-MW thermal power plant in Uttar Pradesh for a total consideration of ₹4,193.59 crore. The acquisition is […]

CW Bureau · May 21, 2026